Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 or Fibra Inn (BMV: FINN13, ADR OTC: DFBRY), a Mexican real estate investment trust internally managed and specialized in the hotel industry serving the business traveler, today announced its operating results for its hotel indicators of May 2017.
|MONTHLY SAME-STORE SALES|
|41 hotels||May 2017||May 2016||Change %|
|Room Revenue (Ps. millions)||158.9||138.4||14.9%|
|Occupancy exc. addition of rooms||64.6%||61.0%||3.6 pp|
|RevPar exc. addition of rooms||780.2||679.2||14.9%|
The 14.9% increase in Revenue per Available Room was the net effect of the 8.5% rate increase and the 3.6 percentage points increase in occupancy.
Total Sales for May 2017 were:
|MONTHLY TOTAL SALES|
|May 2017||May 2016||Change %|
|Number of hotels||42||41|
|Room Revenue (Ps. millions)||163.7||138.7||18.0%|
The same-store sales calculation considers 41 comparable properties, as the criterion is to include hotels, which have been in Fibra Inn’s portfolio for at least half of the period. In this report, two hotels were excluded in total. These were: the Courtyard by Marriott Chihuahua hotel, which is recently built and has no operational history; and the Arriva Express Hotel Guadalajara, which is temporarily closed due to its conversion to the AC by Marriott brand.
To date, Fibra Inn has a total portfolio of 43 properties, of which 42 are under operation; the Arriva Express Guadalajara hotel is temporarily closed due to its conversion to the AC by Marriott brand, which will add 180 rooms to the portfolio. This represents a total of 7,115 rooms, of which 222 are under construction and 180 are being renovated. Additionally, Fibra Inn has a minority interest in two properties, currently being externally developed under the Strategic Hotel Acquisition Pipeline model, representing 430 rooms.
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